tporation state that the corporation will sell 39.000 shares of common stock for 51 each Fach share of stock represents a unit of ership Tony and Suzie wili act as co-presidents of the company. The following business activisies occur dining July for Great elitures. Sel1 si9, ses of comon stock ta suzir. Sell si9, sed of comon stock ta Tony. Furchase a one year inuurance policy for $4,440 (\$17e pee month) to cover injurles to partictpants durind eutdoer elinict. Foy lesal fees of 11 , Dee aureclated with incarperatten. an suly 15. Attedeet will be charged sto on the dey it the elinile. Thrchase 16 wountain biles. baying 312,200 canh. nountatn blking catnie. Bechuse of the voccess of the first aontain biking clinic, foy and fatle halts another asentain bikine cuinic, and the cotbany recelver 12, 1000. and attendees can nay sise in whance or \$1nh on the day of the clitele. oreat Adveturei recelvei cabh of 14,50 in espance from se keyakers for the upceaing tayal clinic. the following transactians eccur ofer the reasinder of 2024 . minal interest if die each year an July 11 . The ciepany purchases is byats, pyine i17, cos cask. tany and suale coodicts a lecoud kayak clinic, and the earpary recelves 116 , 000 cash. year, paying 32 , C4e (12a per month) in abiance. tean is 55sin. a miscellaneous expenta. tinishing teans in eech categary. proavelofal itirts, gack foods and triaks far participants, and field narkers to propere the racecourse. the confany recesives 321,200cmsh from a motal of forty teans, and the race is held. i6 the comany payx Victor's selary of 12,400. The following information relates to year-end adjusting entries as of December 34,2024 a. Depreciation of the mountain bikes purchased on July B and kayaks purchased on August 4 totais $5.960. b. Six months' of the one-year insurence policy purchased on July 1 has expired c. Four months of the one-year rentaf agreement purchased on September 1 has expired d. Of the $1.600 of office supplies purchased on July A. $250 remains e. Interest expense on the $48,000 loan obtained from the cay councu on August shoula be recorded: 1. Of the $2,900 of racing supplies purchased on December 12.$230 remains 9 Suzie calculates that the company owes $14,100 in income taxes. 4. Prepare an income statement for the period ended December 31, 2024, in the 'Income statement tab. 5. Prepare a statement of stockholder's equity for the period ended December 31,2024 , in the 'Statement of Stockholder's Equity' tab. 6. Prepare a claseified balance sheet as of December 31,2024 in the 'Balance Sheet' tab. tporation state that the corporation will sell 39.000 shares of common stock for 51 each Fach share of stock represents a unit of ership Tony and Suzie wili act as co-presidents of the company. The following business activisies occur dining July for Great elitures. Sel1 si9, ses of comon stock ta suzir. Sell si9, sed of comon stock ta Tony. Furchase a one year inuurance policy for $4,440 (\$17e pee month) to cover injurles to partictpants durind eutdoer elinict. Foy lesal fees of 11 , Dee aureclated with incarperatten. an suly 15. Attedeet will be charged sto on the dey it the elinile. Thrchase 16 wountain biles. baying 312,200 canh. nountatn blking catnie. Bechuse of the voccess of the first aontain biking clinic, foy and fatle halts another asentain bikine cuinic, and the cotbany recelver 12, 1000. and attendees can nay sise in whance or \$1nh on the day of the clitele. oreat Adveturei recelvei cabh of 14,50 in espance from se keyakers for the upceaing tayal clinic. the following transactians eccur ofer the reasinder of 2024 . minal interest if die each year an July 11 . The ciepany purchases is byats, pyine i17, cos cask. tany and suale coodicts a lecoud kayak clinic, and the earpary recelves 116 , 000 cash. year, paying 32 , C4e (12a per month) in abiance. tean is 55sin. a miscellaneous expenta. tinishing teans in eech categary. proavelofal itirts, gack foods and triaks far participants, and field narkers to propere the racecourse. the confany recesives 321,200cmsh from a motal of forty teans, and the race is held. i6 the comany payx Victor's selary of 12,400. The following information relates to year-end adjusting entries as of December 34,2024 a. Depreciation of the mountain bikes purchased on July B and kayaks purchased on August 4 totais $5.960. b. Six months' of the one-year insurence policy purchased on July 1 has expired c. Four months of the one-year rentaf agreement purchased on September 1 has expired d. Of the $1.600 of office supplies purchased on July A. $250 remains e. Interest expense on the $48,000 loan obtained from the cay councu on August shoula be recorded: 1. Of the $2,900 of racing supplies purchased on December 12.$230 remains 9 Suzie calculates that the company owes $14,100 in income taxes. 4. Prepare an income statement for the period ended December 31, 2024, in the 'Income statement tab. 5. Prepare a statement of stockholder's equity for the period ended December 31,2024 , in the 'Statement of Stockholder's Equity' tab. 6. Prepare a claseified balance sheet as of December 31,2024 in the 'Balance Sheet' tab